Osaka Gas USA Corporation entered into a definitive agreement to acquire Sabine Oil & Gas Corporation from Sabine Oil & Gas Holdings Inc. (OTCPK:SABN) for $610 million on July 29, 2019. The transaction is subject to receiving required governmental permits and approval by local authorities. The transaction is expected to close by the end of 2019. Vinson & Elkins acted as legal advisor and Moelis & Company LLC acted as financial advisor to Osaka Gas Co., Ltd., the parent company of Osaka Gas USA Corporation. John Clutterbuck, Phil Haines, Parker Lee, Allison Mantor, Tony Eppert and Kelly Ultis of Hunton Andrews Kurth LLP acted as legal advisors to Sabine Oil & Gas Holdings, Inc. Barclays acted as financial advisor to Sabine Oil & Gas Holdings Inc., the parent company of Sabine Oil & Gas Corporation. Osaka Gas USA Corporation completed the acquisition of Sabine Oil & Gas Corporation from Sabine Oil & Gas Holdings Inc. (OTCPK:SABN) on November 30, 2019. As part of the sale, Osaka Gas USA will retain the current Sabine executive team and employees.